• Quarterhill Inc (OTC: QTRHF) (OTC: QTRH) Wi-LAN Inc's subsidiaries, Innovative Memory Solutions Inc. (IMS), North Star Innovations Inc (NSI), and Cetus Technologies Inc have forged a license and settlement agreement with Micron Technology, Inc (NASDAQ: MU).

• The financial terms of the transaction remain undisclosed.

• Micron has obtained a license to patents owned by IMS, NSI, and Cetus, which generally relate to semiconductor memory technologies.

• Also Read: Micron Will Get Pricier With Improving DRAM Fundamentals, Analyst Anticipates

• The agreement also includes settling and dismissing all pending patent litigation with Micron in the U.S. and China.

• WiLAN, a Quarterhill company, is one of the most successful patent monetization companies.

• The drive companies have recently significantly lowered their forecasts for the September quarter due to weaker trends, especially in Asia, where inventory corrections are currently underway.

• Micron had guided a significant sequential decline and a possible loss for this quarter.

• Price Action: MU shares traded higher by 2.27% at $54.92 on the last check Friday.

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